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In April, New Zealand's government found itself in a bind. It had just relaunched its golden visa program, offering wealthy foreigners residency in exchange for a minimum NZ$5 million ($3 million) investment. But there was a major hitch: existing laws prevented those investors from buying a home to live in — undercutting one of the main draws of relocating....
New Zealand house prices fell for a fifth straight month to a two-year low in August as sluggish economic growth and rising unemployment keep buyers on the sidelines....
New Zealand house prices climbed for a fourth straight month, signaling a modest recovery is under way in the property market as interest rates fall....
New Zealand's housing market has entered its next phase of growth as lower interest rates begin to stoke demand and drive up prices, according to property agency CoreLogic....
New Zealand's housing market showed slight signs of life in February as prices rose the most in more than a year, according to CoreLogic New Zealand....